SEJONG, Jun. 15 (Korea Bizwire) — South Korea’s jobless rate rose slightly in May due to a fall in employment in the retail, manufacturing and educational service sectors, while job creation remained sluggish, government data showed Friday. The unemployment rate stood at 4 percent last month, up 0.4 percentage point from a year earlier, marking [...]
SEJONG, May 8 (Yonhap) – The unemployment rate for the age group of 20s and 30s with no career experience hit a record high in the first quarter, due largely to a sluggish recruitment market and preference for hiring experienced workers, government data showed Saturday. The tally on the unemployed aged 20-39 who have never had a [...]
SEJONG, Jan. 23 (Korea Bizwire) – The number of unemployed people, when the definition is increased to include those who are studying or training to get a job, reached 4.53 million last year, state statistics showed Monday. While the official number of unemployed last year was 1.01 million, the “real” number that counts these people [...]
SEJONG, Oct. 12 (Korea Bizwire) – South Korea’s jobless rate rose in September from a year earlier due mainly to a protracted slowdown in the manufacturing sector and exports, a government report showed Wednesday. The unemployment rate in Asia’s fourth-largest economy stood at 3.6 percent last month, compared with 3.2 percent tallied a year earlier, [...]
SEJONG, Aug. 10 (Korea Bizwire) – South Korea’s jobless rate dropped slightly in July from a year earlier, with the unemployment rate for young adults also declining, a government report showed Wednesday. The unemployment rate in Asia’s fourth-largest economy stood at 3.5 percent last month, compared with 3.6 percent tallied in June, according to the [...]
SEJONG, March 16 (Korea Bizwire) – South Korea’s youth jobless rate surged to an all-time high of 12.5 percent in February, a government report said Wednesday, underlying the growing number of college graduates failing to land jobs due to the sluggish economy. Statistics Korea said the nation’s overall jobless rate stood at 4.9 percent last [...]
SEJONG, Feb. 17 (Korea Bizwire) – South Korea’s jobless rate rose sharply in January from a month earlier due to seasonal factors, a government report showed Wednesday. The jobless rate stood at 3.7 percent last month, up from 3.2 percent in December, but 0.1 percentage point lower than the year before, according to the report [...]
SEJONG, Nov. 11 (Korea Bizwire) – South Korea’s jobless rate fell in October as more people were hired in the manufacturing, and facility management and business support service sectors, a government report showed Wednesday. According to the report by Statistics Korea, the jobless rate stood at 3.1 percent last month, down from 3.2 percent in [...]
SEJONG, June 8 (Korea Bizwire) — South Korea will ramp up efforts to help young people find jobs in foreign countries in an attempt to cope with stubbornly high youth unemployment, the government said Monday. The move comes as the jobless rate among people aged between 15 to 29 stood at 10.2 percent in April, [...]
WASHINGTON, April 18 (Korea Bizwire) — South Korea will push for the introduction of a market-wide wage peak system as part of its efforts to help young people find jobs, the country’s top economic policymaker said Saturday. Speaking to reporters in Washington, Finance Minister Choi Kyung-hwan, said while the tripartite government-labor-management dialogue platform broke down [...]